Stock to Watch: Air Products & Chemicals Inc. (NYSE:APD)

[PR Newswire] Air Products & Chemicals Inc. (NYSE:APD) chairman, president and chief executive officer, Seifi Ghasemi, announces a major company restructuring, with the goal of regaining industry leadership by providing excellent service to customers as the safest and most profitable industrial gas company in the world. Ghasemi says he has already met and communicated with thousands of Air Products' employees who are ready for change and are committing to a new corporate culture in order to meet this objective.Stock Performance: Taking a look at the company’s recent performance, Air Products & Chemicals Inc. (APD) reported third quarter earnings for fiscal 2014 on July 23^rd . The company reported actual earnings per share of $1.46 against the consensus Street estimate of $1.45. This represents year over year growth of 6.20%. Air posted revenue of $2.64 billion against estimates of $2.67 billion. Air is currently valued at $25.36 billion and closed the last trading session at $119.03. The stock has a 50-day moving average of $132.56 and a 200-day moving average of $125.83.

Is this a Buying Opportunity?There are currently ten analysts that we track that cover the stock. Of those ten, three have a Buy rating, six have a Hold rating and one has a Sell rating. On a consensus basis this yields a score of 2.20 and a Hold. The combined price objective of these covering analysts is $129, which represents a 3.1% downside difference to the last closing price. The most recent analyst activity consisted of Zacks Investment Research reiterating their Neutral stance on the company. Zacks has a price target of $139 which represents an upside of 3.73% from the last closing price. On the date of the report, the stock closed at $131.16.Another research firm weighing in recently was JPMorgan Chase & Co who also reiterated their rating on the stock. On July 23th JPMorgan Chase & Co boosted their price target on the stock from $145 to $150, or a 11.9% upside to the current price. On the day of the report, APD shares closed at $131.16.Company ProfileAir Products & Chemicals Inc. (NYSE:APD) provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates through four segments: Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy. The Merchant Gases segment sells atmospheric gases, such as oxygen, nitrogen, and argon; process gases comprising hydrogen and helium and carbon dioxide; and medical and specialty gases for the metal, glass, chemical processing, food processing, healthcare, steel, general manufacturing, and petroleum and natural gas industries.